Template:Nutshell 2002 ISDA 5(a)(iii)

5(a)(iii) Credit Support Default.

(1) The party or its Credit Support Provider defaults under any Credit Support Document after any grace period has expired;

(2) Any Credit Support Document (or any security interest granted under one) terminates or becomes ineffective (except according to its terms) while any covered Transaction without the other party’s written consent; or

(3) the party or its Credit Support Provider repudiates any obligations under Credit Support Document;